This Saturday, foreign exchange markets are closed. However, it is important to be aware of the exchange rate, what happened in the week with the US dollar, as well as future expectations. The Dollar closed with gains after being boosted by data from the Personal Consumption Expenditure (PCE) Price Index. and concerns about the future of monetary policy.
According to a Commerce Department report, PCE showed gains in January. AndThe personal consumption expenditures price index increased by 0.6% in Januarywhile economists expect only a 0.4% rise in the core index.
The core inflation rate for personal consumption expenditures rose for the first time in four months to 4.7%, more than double the 2% target set by the Federal Reserve. With these results, concerns are growing that the Federal Reserve will continue to raise interest rates to push prices lower again. Several Fed officials commented that after a 25 basis point hike, the Fed could move forward with a 50 basis point hike.
Goldman Sachs, one of the world’s largest securities and investment banking groups, estimates that the Federal Open Market Committee (FOMC) could deliver results. Three 25 basis point increases in March, May and June to keep the funds rate at 5.25%-5.5% for the rest of 2023.
the The upcoming Federal Open Market Committee meeting, Where the next increase in the reference price will be announced, it is scheduled to take place on March 21 and 22.
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The price of the dollar today, February 25: the exchange rate in Honduras, Mexico, Guatemala and Nicaragua…
After the market closes, The Dollar Index (DXY) posted a gain of 0.63% to settle at 105.195, According to Investing.com, one of the most important financing portals. DXY measures the value of the dollar relative to a basket of six major currencies. These include currencies from some of the major trading partners of the United States.
within, This is how the dollar exchange rate was found in Mexico, Honduras, Guatemala, Nicaragua and Costa Rica, this Saturday, February 25th.
- Mexico: 18.3967 Mexican Peso (MXN)
- Costa Rica: 560.40 CRC (CRC)
- Guatemala: 7.8150 quetzals (GTQ)
- Honduras: 24.6542 Lempiras (HNL)
- Nicaragua: 36.5400 Cordoba (NIO)
you buy
- Mexico: 18.3915 Mexican Peso (MXN)
- Costa Rica: 558.60 CRC (CRC)
- Guatemala: 7.8050 quetzals (GTQ)
- Honduras: 24.5084 Lempiras (HNL)
- Nicaragua: 36.0800 Cordoba (NIO)
sale
- Mexico: 18.4020 Mexican Peso (MXN)
- Costa Rica: 562.20 CRC (CRC)
- Guatemala: 7.8250 quetzals (GTQ)
- Honduras: 24.8000 lempiras (HNL)
- Nicaragua: 37.0000 Cordoba (NIO)
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